Booger Posted October 21, 2009 Report Share Posted October 21, 2009 My client is planning on doing a "catch-up" deposit for the 3rd Qtr Federal payroll taxes before 11/02/09. Other than the late payment penalty and interest, is there any benefit of doing, say 6 deposits of $5,000 (SS, Med, Withholding) compared to one $30,000 deposit? Booger Quote Link to comment Share on other sites More sharing options...
JohnH Posted October 21, 2009 Report Share Posted October 21, 2009 I'd say the 6 separate deposits would increase the probabilities of an IRS processing error by a factor of at least 36. Quote Link to comment Share on other sites More sharing options...
Booger Posted October 21, 2009 Author Report Share Posted October 21, 2009 Good One, John. Will advise client to make one deposit. Booger Quote Link to comment Share on other sites More sharing options...
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